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BRIEF-Jiangsu Dagang's share trade to resume amid JV deal, shareholder cutting stake
October 20, 2017 / 11:10 AM / a month ago

BRIEF-Jiangsu Dagang's share trade to resume amid JV deal, shareholder cutting stake

Oct 20 (Reuters) - Jiangsu Dagang Co Ltd

* Says controlling shareholder plans to sell 12.5 percent stake in the company

* Says it plans to invest 1.5 billion yuan ($226.62 million) to set up investment JV with partners including Strong Petrochemical Holdings Ltd

* Says share trade to resume on Oct 23

Source text in Chinese: bit.ly/2gx5ogh; bit.ly/2gV2K0Q

Further company coverage: ($1 = 6.6190 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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